Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (41117)	6/28/1999 7:43:00 PM
From: pater tenebrarum	Read Replies (4) of 94695

Bill, the phrase 'summer rally' is uttered over and over again on CNBC - will it become a self-fulfilling prophecy? a rate hike by the Fed seems now to be regarded as a positive for the stock market-as long as it is 'behind us'. the growth rate of inflows into mutual funds is declining by leaps and bounds, as professional investment advice is met with ever greater disdain by the average investor, who has decided to take his financial fate in is own hands. said hands are not necessarily of the 'strong' sort i presume. a famous jockey has meanwhile taken to dispensing financial wisdom to the masses - his top picks: YHOO,CMGI & AMZN. how much longer can the party go on? the NYSE specialists and members seem to think it can last a while longer - see: marketgauge.com the bears are doomed...<g> regards, hb

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